Top Retail Stores Dominating the US Market
Retail stores are an integral part of the people’s lives as they are highly dependent on such outlets for their groceries, consumables, and other household requirements. The popularity of retail stores is so widespread that consumers prefer traveling few miles to retail stores to do their monthly grocery shopping instead of visiting the nearby mom […]
Retail stores are an integral part of the people’s lives as they are highly dependent on such outlets for their groceries, consumables, and other household requirements. The popularity of retail stores is so widespread that consumers prefer traveling few miles to retail stores to do their monthly grocery shopping instead of visiting the nearby mom and pop store. Although the emergence of e-commerce and technology has been threatening the profits of retail stores, they are still standing firm with more than 90% of the shopping taking place offline. Top retail stores in the US stock a wide variety of options including consumer electronics, clothing, furniture, medicines, and home improvement tools. Here’s a list of top retail stores dominating the US market:
#1 – Walmart
Walmart has become a household name in the US and is easily recognizable all across the world. Sam Walton opened the first Walmart store back in 1962, in Rogers, Arkansas. The company reported revenues of $485.9 billion for the year 2017. Walmart operates a total of 5,412 retail units all across the US. Walmart has also prioritized its online shopping portal to tackle the e-commerce giant Amazon and offer services like free two-day delivery. Retail stores such as this employs about 1.5 million people in the US.
#2 – Costco
Globally, Costco is the second largest retailer. It is also the world’s largest retailer of organic foods, choice and prime beef, wine, and roasted chicken. By operating 514 warehouses in the United States, it serves its large customer base of 90 million Costco members. Costco was also the first company to go from zero to over $3 billion in sales in under six years.
#3 – The Kroger Co.
The company started in 1883 with Barney Kroger investing his life-savings of $372 in opening a grocery store in Cincinnati. Today, The Kroger Co. operates about 2,800 retail stores in 35 states with annual sales of more than $115.3 billion. Their store format includes superstores, supermarket, department stores, convenience stores, and jewelry stores.
#4 – The Home Depot
The Home Depot started out in Atlanta with the help of investment banker Ken Langone and merchandising guru Bernie Marcus, Arthur Blank, and Pat Farrah. Currently, it operates 2,200 retail stores in about three countries. Recently, the U.S. Environmental Protection Agency (EPA), recognized the company with 2017 WaterSense Sustained Excellence Award for promoting the importance of water efficiency to its customers. Also, this year, they partnered with Google to integrate their product offerings into Google Assistant.
#5 – Walgreens Boots Alliance Inc.
Unlike other retailers on the list, the first retail store with the name Boots store was opened by John Boot in Nottingham, UK. The company Walgreens Boots Alliance Inc. now owns Walgreens, Boots, and other pharmaceutical manufacturing companies. The retail store specializes in pharmaceutical products and runs several online stores such as drugstore.com, visiondirect.com, and beauty.com.